If you were to take a guess at what type of businesses from Lincolnshire might be found on the London Stock Exchange (LSE), you might be forgiven for assuming they must have something to do with farming.
And you’d only be part right. Unfortunately, there aren’t any Lincolnshire companies listed on the LSE. However, there are a number of big enterprises that are listed in the LSE’s ‘1,000 Companies To Inspire’ report, and of those, you will find three that are definitely in the farming and agricultural sector.
The first is LJ Fairburn & Son, a poultry enterprise that owns over 5,000,000 egg-laying hens. It’s a family-owned business with a revenue of between £30 and 40 million. Started in 1951, it is now one of the largest egg producers (and packers) in the UK, producing over 16 million organic, free range and barn eggs that are bought in supermarkets every single week. The next business is Staples (Vegetables) Ltd which is, well, a grower of vegetables. A lot of vegetables. £50 million worth of vegetables to be exact. Produced on over 10,000 acres of Lincolnshire farmland, it is arguably the biggest single supplier of brassicas in the UK.
Bigger than both of these companies is Navenby-based JE Porter, whose revenue of over £70 million comes from the production of mainly pig and poultry feed products using cereals, pulses and oilseeds locally sourced from around Lincolnshire and the East of England.
However, the biggest agricultural and farming businesses you can buy in are the huge fertiliser and agricultural-chemical companies like Monsanto and the Miracle-Gro company, which has recently invested in the burgeoning cannabis-growing industry. In fact, it is possible to buy over 19,000 different stocks on 36 global exchanges.
Getting into stocks and shares trading has become a popular and straightforward process, especially when it comes to the backing and gauging the success of local businesses – many online platforms even offer demo accounts and round the clock support. For anyone looking to get themselves set up to buy shares on the stock market, fees are lower than a fiver for most UK stocks.
Of course, coming from Lincolnshire doesn’t mean having to trade in agricultural companies. Other companies on the LSE’s watchlist include the electrical retailer Lincs. Electrical Wholesale Ltd, with a revenue of £30 million; the Boston-based Coaching Inn Group; and the Read Motor Group, who own many of the Hyundai dealerships across Lincoln and Humberside.
You can also invest in a vital industry – as we head into the crunch time of environmental responsibility – that includes the last Lincolnshire company on the list, Whites Recycling. Whites is a leader in liquid, food, industrial, and (of course) agronomy waste dealing, with over £20 million worth of waste every year.
So, while you might not find any local companies rubbing shoulders with the listed companies on the FTSE 100 or FTSE 250, Lincolnshire does have a number of businesses that might one day be prime targets for being bought out by those at the top of the market, and if they do, will you be ready to buy too?